Teens and Work
Posted: November 7, 2008Having a teenager in the house shouldn’t drain in your finances.
Teens can have a lot of expenses, but there’s no reason why they cannot help cover some of their costs themselves.
It is good for teens to learn early that money doesn’t just fall out of the sky. Somebody has to earn it.
A recent survey showed that more than 70 % of all teens do some form of work to earn money.
And more than a third hold full time or part-time jobs at least through the summer.
Of course, it is important that you do not let their work interfere with school, but doing odd jobs on the weekends and throughout the summer months not only helps yiour budgte, it also teaches your kids invaluable life lessons.
And once they start earning, use the opportunity to teach them good financial management, like hoe to give, save and invest wisely.
When they start to but clothes with their own hard-earned money, they are much more likely to be frugal when they shop
Source: Dr Bill Maier
